PNC director granted 51 phantom stock units
Dachille Douglas A. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Dachille Douglas A. reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Douglas A. Dachille reported compensation-related equity units, not open-market trades. He received a grant of 51 phantom stock units tied to PNC common stock at a reference value of $251.62 per unit under a deferred compensation plan.
Following this award, he holds 274 phantom stock units indirectly in the Deferred Compensation Plan, which will be settled in cash, and 2,089 deferred stock units directly under the Directors Deferred Stock Unit Program. Each deferred stock unit represents the right to receive one share of PNC common stock (or, in limited cases, cash) at retirement.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 51 | $251.62 | $13K |
| holding | Deferred Stock Unit | -- | -- | -- |
Footnotes (4)
- F1. One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
- F2. Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
- F3. Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's equity incentive plan. Each DSU represents the right to receive at retirement one share of PNC common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program.
- F4. Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
Key Figures
Key Terms
Deferred Stock Unit financial
Phantom Stock Unit financial
Deferred Compensation Plan financial
Directors Deferred Stock Unit Program financial
FAQ
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